Question
True or False: Explain your answers. 1) if ABC Corp ceases to manufacture and sell cars and sell all of its assets, it must file
True or False: Explain your answers.
1) if ABC Corp ceases to manufacture and sell cars and sell all of its assets, it must file a corporate income tax return.
2) if ABC Corp has no taxable income, it does not have to file a corporate income tax return.
3) if ABC Corp was formed on July 1, 2000, it only has to file a corporate income tax return only for the period from July 1, 2000 to December 31, 2000.
True or False: Explain your answers. Assuming ABC did not submit a filing due date extension form:
4) if XYZ Corp is a calendar year taxpayer, its corporate income tax return is due on April 15.
5) if XYZ Corp is a calendar year taxpayer, its corporate income tax return is due on March 15.
6) if XYZ Corp fiscal year is from July 1 to June 30, its corporate income tax return is due on October 15.
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